Upwork Inc., the unicorn freelancing platform located in Silicon Valley, reported record earnings and profits this week. The following 48 hours of trading oddly has the stock down 35%.
The overall consensus rating for UPWK is a strong bu
Over the past 12 months, the world’s greatest tech leaders such as Twitter, Salesforce, Microsoft, and others have increased their spend on Upwork’s platform. The primary reason is that Upwork is the first platform to seamlessly enable tech companies to hire the best talent at significantly more competitive rates than most tech hubs such as San Francisco.
Gone are the days of having to centrally locate your business in Silicon Valley to access the most talented developers. In fact, asides from the advantages in capital formations and the upsides in valuations from locating your company in San Francisco, there are actually more disadvantages than there are advantages.
